Beacon Chain block 9568

Hash

83bc495edce3411219f65d69654f6fbe9444794a9b7e5f7f6f0ccf20b1f9fe2ff...

13 Jan 2021 00:41:47 UTC (4 years ago)

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The Beacon Chain is a key component of the Ethereum 2.0 upgrade, which introduces proof-of-stake to the network, fundamentally changing the consensus mechanism from proof-of-work to a more energy-efficient system. It acts as the central coordination and consensus layer, managing the network of validators, their stakes, and providing the backbone for shard chains to ensure scalability and security for the entire Ethereum ecosystem.